The deal expands ACWA Power’s regional footprint, adding 4.61 GW of power and 1.11 million m³/day of water capacity.

The projects, set to be developed under a build-own-operate (BOO) model, are located across key regions

The project will generate enough renewable electricity to power 36,000 homes annually while offsetting 190,000 tonnes of carbon dioxide emissions.

The contracts are part of the broader Iraqi Electrical Super Grid initiative, financed through SEK and EKN loans.

The latest deals bring Penspen’s total 2024 sales to over $225 million, reinforcing its role in global energy infrastructure.

This latest project brings AMEA Power’s total portfolio of solar and wind energy projects in Egypt to 2,500MW, including 2,400MWh of battery energy storage